The staff of Batemans Bay’s Mariners on the Waterfront will keep their jobs despite the sale of the hotel to Chinese investors for an undisclosed sum.
A hotel staff spokesman said that the current staff of the hotel had signed new contracts and would all be keeping their jobs.
He said that their would be “a lot of different ideas’ implemented under the new ownership, but was not worried by this.
The hotel was sold to unidentified Chinese investors for an undisclosed sum.
Andrew Jolliffe from Ray White Hotels and Mike Wheatley of Knight Frank handled the sale.
Public records show that Abacus Property Group bought the Hotel for $7.05 million in 2005, but Abacus, Andrew Jolliffe and Mike Wheatley declined to say who the buyer was and how much it was sold for.
The Mariners is in a prime location on the Batemans Bay foreshore backing onto the CBD, and has a licensed bar, motel-style accommodation, poker machines and an outdoor swimming pool.